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BYD is closing in on Tesla in China

Source: qz.com qz.com
News Snapshot:

Good morning, Quartz readers! Here’s what you need to know The US Federal Reserve kept interest rates steady. It wasn’t unexpected, but that doesn’t mean it didn’t annoy a lot of people (more on that below). Most of Toyota’s US factory workers got 9% raises. The UAW strike in Detroit is making waves. Advertisement Danish energy developer Ørsted pulled out of two wind power projects off the coast of New Jersey. The move disappointed the White House, not to mention shareholders, who knocked more than 25% off the value of the company’s stock. Advertisement Closing statements began in the criminal…

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